Billboard magazine reported that the deal allows Prince to regain ownership of his catalog after a famous split with Warner Bros. in 1996, when the artist called himself a slave to the label, changed his name to a symbol, and blasted the recording industry.

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Also new Tuesday is the album "Plectrum Electrum" from Prince's all-female band 3rdEyeGirl.

"I'm completely surrounded by equal talent," Prince tells the AP in an exclusive interview. "To me it feels like heaven."

“Art Official Age” and “Plectrum Electrum” mark the first new studio albums from Prince since the release of “20Ten” in 2010.